ETFs and AUM reflect what Dividend Vision tracks — the issuer's full lineup may be larger.
Schwab is known for offering low-cost, broad-based ETFs that serve both core portfolio holdings and specialized investment strategies. Their 33-fund lineup spans multiple asset classes including bonds, equities, international markets, digital assets, and factor-based strategies, with a notable emphasis on dividend-focused funds like SCHD alongside core index options. The issuer emphasizes accessibility for individual investors through competitive expense ratios and a diverse range of fund families designed to support various investment objectives.
See our curated list of related YouTube videos on SCHD.
ETFs and AUM reflect what Dividend Vision tracks — the issuer's full lineup may be larger.
State Street Global Advisors (SSGA) is one of the largest ETF providers globally, known for its flagship SPDR suite of exchange-traded products that serve both institutional and retail investors across a broad range of asset classes. Their 88-fund lineup spans diverse strategies including sector exposure (Select Sector SPDR), income generation (Income and Select Sector SPDR Premium Income families), commodities (including the widely-held GLD gold ETF), bonds, ESG-focused investments, and thematic allocations, with popular tickers like DIA (Diamonds Trust), FEZ (Eurozone exposure), and JNK (high-yield bonds) among their most recognized funds. The issuer is characterized by its comprehensive coverage across multiple market segments and its emphasis on both traditional index-based products and specialized strategies like covered call income funds and factor-based investing.
See our curated list of related YouTube videos on SPY.
Seeks to track as closely as possible, before fees and expenses, the total return of the Dow Jones U.S. Dividend 100 Index, which measures the performance of high dividend yielding stocks issued by U.S. companies with a record of consistently paying dividends, selected for fundamental strength relative to their peers based on financial ratios.
Track the S&P 500 Index before expenses.
Asset class
Equity
Equity
Inception date
10/20/2011
01/22/1993
Beta
0.58
1.0
Last dividend
$0.2525
$1.9035
Ex-dividend date
06/24/2026
09/18/2026
Bottom lineChoose SCHD if you want higher current income (3.14% vs 1.01% for SPY). Choose SPY if you want simple, diversified core exposure in one low-cost fund.
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Projections assume the current yield and share price remain constant. Actual results will vary.
Quick verdict
SCHD (Schwab U.S. Dividend Equity ETF) and SPY (SPDR S&P 500 ETF Trust) are both quarterly-pay dividend ETFs, but they take different approaches.
SCHD offers the higher yield at 3.14% vs 1.01% for SPY. A higher yield means more current income per dollar invested, though it may come with different risk characteristics.
SCHD is cheaper with an expense ratio of 0.06% compared to 0.10%.
They track different benchmarks: SCHD is linked to Dow Jones U.S. Dividend 100 Index while SPY tracks S&P 500 Index, which means their performance drivers differ.
SPY is the larger fund by assets ($783B), which generally means tighter spreads and better liquidity.
Deep dive
Yield & income
On a $10,000 investment, SCHD would generate roughly $26.17/month, while SPY would produce $8.42/month, at current distribution rates. Both pay quarterly distributions.
SCHD yield3.14%
SPY yield1.01%
Monthly diff on $10K$17.75
Cost & efficiency
Over 10 years on $10,000, SCHD would cost approximately $60 in fees vs $100 for SPY (simplified, not compounded). The $40.00 difference may be offset by yield or performance.
SCHD ER0.06%
SPY ER0.10%
Strategy & risk
SCHD tracks Dow Jones U.S. Dividend 100 Index, while SPY tracks S&P 500 Index with a large cap approach. Beta is 0.58 for SCHD and 1.0 for SPY, indicating SCHD is less volatile relative to the market.
SCHD beta0.58
SPY beta1.0
Fund details
SCHD is managed by Schwab (launched 10/20/2011) with $95.2B in assets. SPY is managed by State Street (launched 01/22/1993) with $783B in assets.
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Frequently asked questions
Is SCHD or SPY better for dividend income?
It depends on your goals. SCHD currently offers the higher distribution yield, which means more income per dollar invested. However, a lower-yield fund may offer better total return or lower volatility. Consider your time horizon and risk tolerance.
What is the difference between SCHD and SPY?
SCHD (Schwab U.S. Dividend Equity ETF) tracks Dow Jones U.S. Dividend 100 Index, while SPY (SPDR S&P 500 ETF Trust) tracks S&P 500 Index with a large cap approach. They are issued by Schwab and State Street respectively.
Can I hold both SCHD and SPY?
Yes — nothing prevents holding both. Whether the combination actually diversifies depends on how much the underlying exposures overlap, which isn't fully measurable from the data on this page; review each security's holdings, sector, and strategy before treating them as complementary.
Which has lower fees, SCHD or SPY?
SCHD has an expense ratio of 0.06% while SPY charges 0.10%. Lower fees mean more of your investment returns stay in your pocket over time.
How much income does $10,000 in SCHD vs SPY generate?
At current rates, $10,000 in SCHD would generate roughly $26.17 per month ($314.00 annually). The same in SPY would produce about $8.42 per month ($101.00 annually).
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